Tag Archives: iao kun group holding company ltd.
- Iao Kun narrows Q1 losses on diversification bet
June 1, 2017
Nasdaq-listed junket operator Iao Kun Group Holding Co. Ltd.’s move to diversify away from gambling is apparently paying-off. Iao Kun, now called LiNiu Technology Group (LTG), announced in a regulatory filing that it narrowed its net loss to US$446,634 in first quarter of the year, compared to the US$3.5 million...
- Junket operator Iao Kun rebrands as LiNiu Technology Group
April 27, 2017
Goodbye Iao kun Group Holding Co. Ltd (IKGH). Hello LiNiu Technology Group. Nasdaq-listed junket operator IKGH is dropping its current business name to officially mark its venture into the non-gaming sector. The company announced in a regulatory filing with the U.S. Bourse on Wednesday that it is changing its name...
- Tech firm buy prompts executive reshuffle at Iao Kun
March 3, 2017
A reshuffle of executives at Iao Kun Group Holding Co Ltd. (IKGH) is under way as the Macau casino junket investor completes the acquisition of a Chinese technology company. Lam Man Pou stepped down from his position as chairman and director of IKGH’s board of directors on Wednesday, but will...
- Junket investor Iao Kun shifts focus to non-gaming sector
February 8, 2017
Macau casino junket investor Iao Kun Group Holding Company (IKGH) is set to test the technology sector with its major acquisition of a Chinese-tech firm. The move comes as IKGH attempt to staunch the financial bleeding as a result of bad VIP debts. Shifting its strategy from the junket to...
- Extra $21.5m in bad VIP debts force Iao Kun Group to boost Q2 loss to $125.8m
October 8, 2016
Macau casino junket investor Iao Kun Group Holding Company (IKGH) has alerted investors that its dire Q2 financial numbers were actually even more dire than originally reported. Late last month, IKGH announced a net loss of $104.4m in the three months ending June 30. On Friday, IKGH announced that it...
- Iao Kun Group closes another Macau VIP room, admits Jeju Sun deal has lapsed
October 3, 2016
Macau casino junket investor Iao Kun Group Holding Ltd (IKGH) has confirmed that its South Korean casino plans have come to naught. On Friday, IKGH issued a statement saying it was closing yet another of its Macau casino VIP rooms, leaving the company with just one active room – at...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Bloomberry swings to US$46M profit in 2016
March 24, 2017